James Dolan
Trouble in the Sewer Line
Hi All,
I have a property under contract in Pittsburgh that has a blockage 85 feet down the sewer line so the plumbers are unable to confirm whether the line is free of damage beyond that point. They quoted me to cle...
George Bittar
New TIN# or Ammendment Needed?
Hello, we just closed on 12/30/15 on a new property and part of the structure was taking over the LLC that was created for the intent of assigning to the end buyer which was my partner and I.We are getting push back f...
Jake Kucheck
Escrow Company Fees- Homogeneous or Varied By Location?
Locally, we get a pretty good deal (by my standards) on our escrow fee. $500/file as a flat fee, not a % of the purchase price. Our deals tend to be from $125-200K.
On a retail deal I'm doing at the moment, the s...
Christopher Brainard
Tax Treatment for Subject-To Homes
I had a question and was going to post it here before talking to my CPA. We have a house we took subject to the existing financing earlier this year. At the end of this year, I assume the previous owner is going to re...
David S.
Foreclosure details, sale date, and right of redemption
Just got a call from a motivated seller. Seems like a good deal, but one thing is making me wary. Both Zillow and the county website show the house as being sold at foreclosure 3 weeks ago. So where can I find out mor...
Daniel Guerra
Off market aggressive negotiations with sellers (Probate)
How aggressive should I be when dealing with off market sellers I find that are going through the probate process?
Would a Grant Cardone style be acceptable? (Attempting to close when first meeting face to face with ...
Erica Gregory
Creative solutions for financing
Hello!My father has a rental property that he wants to sell but he has an outstanding $50k HELOC on it. He wants to sell for $75k but after a market analysis is looks like he should sell for $50k-$70k (Max). The appra...
Cliff Nimako jr
I need help buying my first deal, preappoved but still....?
I’m trying to do too much! 1st) I own a house that was deeded to me in 2014 (in New York) but a forclosure process started in 2016 that I had vacated back in 2008 btw the forclosure is NOT in my name it’s my Dads. I w...
Joe Shively
Seller 2nd's
I'm buying a property that the seller is carrying the 20% down. I was wondering how that works and what forms I need to use? Is this just a simple promissory note? What other paperwork is involved and how do they get ...
John Williams
Show me the numbers
I just wanna know what kind of numbers you guys are working with when you flip a short sale.
average short sale price negotiated Vs. Price you sell for as a percentage.
percent of deals that fail